Campbell & CO Investment Adviser LLC Acquires Shares of 21,774 Virtu Financial, Inc. $VIRT

Campbell & CO Investment Adviser LLC purchased a new position in shares of Virtu Financial, Inc. (NASDAQ:VIRT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 21,774 shares of the financial services provider’s stock, valued at approximately $975,000.

Other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC lifted its position in Virtu Financial by 2.7% during the 1st quarter. CWM LLC now owns 13,635 shares of the financial services provider’s stock worth $520,000 after acquiring an additional 362 shares during the period. SBI Securities Co. Ltd. raised its stake in shares of Virtu Financial by 26.0% during the first quarter. SBI Securities Co. Ltd. now owns 1,670 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 345 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Virtu Financial by 92.3% during the first quarter. Victory Capital Management Inc. now owns 107,761 shares of the financial services provider’s stock worth $4,108,000 after purchasing an additional 51,713 shares during the last quarter. Creekmur Asset Management LLC acquired a new stake in shares of Virtu Financial during the first quarter worth $733,000. Finally, Jackson Creek Investment Advisors LLC grew its position in Virtu Financial by 1.7% in the 1st quarter. Jackson Creek Investment Advisors LLC now owns 55,946 shares of the financial services provider’s stock valued at $2,133,000 after buying an additional 934 shares during the last quarter. Institutional investors and hedge funds own 45.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on VIRT shares. The Goldman Sachs Group cut their price objective on shares of Virtu Financial from $48.00 to $38.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Bank of America upgraded shares of Virtu Financial from a “neutral” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Tuesday, October 28th. Finally, UBS Group reissued a “neutral” rating and set a $45.00 price target (up from $40.00) on shares of Virtu Financial in a report on Monday, August 4th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $41.71.

Virtu Financial Trading Up 1.1%

Shares of VIRT opened at $36.01 on Thursday. Virtu Financial, Inc. has a twelve month low of $31.89 and a twelve month high of $45.77. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $5.51 billion, a P/E ratio of 10.41, a PEG ratio of 1.14 and a beta of 0.60. The firm’s 50-day moving average is $34.91 and its two-hundred day moving average is $39.72.

Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings results on Tuesday, March 12th. The financial services provider reported $0.37 EPS for the quarter. Virtu Financial had a return on equity of 32.08% and a net margin of 10.43%.The business had revenue of $274.00 million for the quarter. On average, research analysts predict that Virtu Financial, Inc. will post 3.13 earnings per share for the current fiscal year.

Virtu Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a $0.24 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.96 annualized dividend and a yield of 2.7%. Virtu Financial’s dividend payout ratio is 20.78%.

Virtu Financial Company Profile

Virtu Financial, Inc operates as a financial services company in the United States, Asia Pacific, Canada, EMEA, Ireland, and internationally. The company operates through two segments, Market Making and Execution Services. Its product includes offerings in execution, liquidity sourcing, analytics and broker-neutral, capital markets, and multi-dealer platforms in workflow technology.